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reporter: because the chinese law allows them to provide access to information they obtain, lawmakers are urging them to stop doing business with them. >> only look at what is at stake and what critical infrastructure we would open up to the very threat of both cyberespionage and potential cyberattack, if her adversary so desires, we can come to no other conclusion. reporter: it has played out against the backdrop against china's misbehavior. >> we will crack down on china, they cheat him to have stolen our jobs, we have brought more trade cases against china in one term than the previous administration did in two. reporter: roger says the investigation also uncovered information that could lead to several criminal charges, includina significant bribery case that will be handed over to the fbi on tuesday. lou: shannon, this is remarkable. this report, the 60 minutes piece last night, it is really a compelling story. but it does look to be peculiar in its timing, given the presidential election as it approaches and the fact that we have such a expensive relationship with china. what is
reporter: because the chinese law allows them to provide access to information they obtain, lawmakers are urging them to stop doing business with them. >> only look at what is at stake and what critical infrastructure we would open up to the very threat of both cyberespionage and potential cyberattack, if her adversary so desires, we can come to no other conclusion. reporter: it has played out against the backdrop against china's misbehavior. >> we will crack down on china, they...
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. >> his name is steven law. he was the ceo of american crossroads, and a very able guy. lou: i got you. until then, if it's all right, we'll just stick with you. is that all right? >> all right. >> in ohio, around the country, we're looking at the wall street journal reporting $150 million raised last month for the obama campaign. we'll told by the romney campaign theirs is going to be impressive, but we don't have any numbers. do you have a sense that the romney campaign is keeping pace with that extraordinary fundraising result for the president's campaign? >> you know, i don't know the numbers, but my suspicion is that that's a very impressive number by president obama, and while he was, in essence, his cash on hand began to dwindle starting in may had he spent all the money on tv, this is going to get way in the weeds, but it's very important. if you're obama or romney, the money that you have in your own campaign treasury is the money most easy to spend with the biggest impact, and you're guaranteed, if you're obama or romney in getting the lowest unit rate, the low
. >> his name is steven law. he was the ceo of american crossroads, and a very able guy. lou: i got you. until then, if it's all right, we'll just stick with you. is that all right? >> all right. >> in ohio, around the country, we're looking at the wall street journal reporting $150 million raised last month for the obama campaign. we'll told by the romney campaign theirs is going to be impressive, but we don't have any numbers. do you have a sense that the romney campaign is...
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no stafford law requirement for the local state government to put up 10 percent of that. 126 billion. typically the state picks up 25%. the actual cost of katrina's damage has been estimated variously between 96 to 125 billion. so senator obama was right. we did tree nor less differently , but unlike hurricane andrew and how we provided aid for less than half of the damages, and katrina we supplied money to account for 100 percent of the damages as they were estimated. you have to ask yourself why a man seeking the support of that group of ministers would make statements that did not provide full, the full scope of american generosity to all of our citizens. the fbi gets to benghazi three weeks after the september 11th terrorist attack. too bad the leaders, journalists , terrorists, and passers-by beat them to the scene. is the obama administration getting? author, former federal prosecutor andrew mccarthy joins us. it philadelphia, a high-school teacher makes a student go home because of a t-shirt. was the teacher acting in a medley? was she really acting? governor mitt romney -- >>
no stafford law requirement for the local state government to put up 10 percent of that. 126 billion. typically the state picks up 25%. the actual cost of katrina's damage has been estimated variously between 96 to 125 billion. so senator obama was right. we did tree nor less differently , but unlike hurricane andrew and how we provided aid for less than half of the damages, and katrina we supplied money to account for 100 percent of the damages as they were estimated. you have to ask yourself...
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pennsylvania judge handing a victory to democrats after state officials cannot enforce the new voter id law in the presidential election. the ruling expected to appeal to the state supreme court but because we are five weeks from election day, could easily be the final word on that wall. designed to keep minority voters and typically voting democrat away from the polls but republicans argue it is needed to prevent voter fraud. "washington post" calling out the obama campaign saying it is time to retire one of the presidents familiar talking points. >> governor romney believes with even bigger tax cuts for the wealthy and fewer regulations on wall street all of uwill prosper. in other words he doubled down on the same trickle-down policy that lets the crisis in the first place. ashley: according tohe "washington post" that statement deserves no kill us because it did not cause a financial crisis, several others are to blame including the housing bubble and use of financial derivatives not to mention the president himself extend the bush tax cuts in 2010. republicans a big hit with political
pennsylvania judge handing a victory to democrats after state officials cannot enforce the new voter id law in the presidential election. the ruling expected to appeal to the state supreme court but because we are five weeks from election day, could easily be the final word on that wall. designed to keep minority voters and typically voting democrat away from the polls but republicans argue it is needed to prevent voter fraud. "washington post" calling out the obama campaign saying it...
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no other state has enacted a simir law. new revelations tonight. members of the obama administration had met with mexican government officials roughly 30 times. the purpose of those meetings, to promote food stamp youth -- use among mexican immigrants. the meeting was disclosed by agriculture secretary tom bell said in a letter to senator jeff sessions to rais questions about the need for such a promotional program back in july according to the senator the number of legal non-citizens on food stamps has quadrupled since 2001. more than doubled since president obama took office. roughly one half million people. amoco industry says restoration hardware not only copy the company's best-selling chair, it stole the name as well. a manufacturer based in hanover, pennsylvania. the company's navy chair, there it is, one design awards as included in prominent collections and museums, sold in 48 countries. restoration hardware is now offering a line of navy branded chairs and schools that look, well, very similar. the company hit restoration with a lawsuit.
no other state has enacted a simir law. new revelations tonight. members of the obama administration had met with mexican government officials roughly 30 times. the purpose of those meetings, to promote food stamp youth -- use among mexican immigrants. the meeting was disclosed by agriculture secretary tom bell said in a letter to senator jeff sessions to rais questions about the need for such a promotional program back in july according to the senator the number of legal non-citizens on food...
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lou: law talk about th -- let'sk about the cyberattacks, some view they are a little bit closer to did damage than anyone thought, so far no damage. lasting damage at all. your thoughts? >> well cyberattacks in general have been not only industrial espionage but also, a full-scale assault on the most important of our defense pro pry tear information, so in that sense they have done a lot of attacks, are they trying to operate on the quirketty exchanges with alga rythms to disrupt trading might be another question. lou: it seems that wall street having enough success on its own thank you. using these high frequency trading, highly sophisticated series of programmatic trades, last week, 4% of the volume estimated to have been because of one algorithm carrying out false trades if you will, a scout program on the market, this is getting stupid, is it not? about well, -- >> wall street? >> yeah, the scout program, as you say, a euphemism for an attempt to manipulate equity markets in a particular way with vast amount of trading on a short period of time, 70% is high frequency, it can be dis
lou: law talk about th -- let'sk about the cyberattacks, some view they are a little bit closer to did damage than anyone thought, so far no damage. lasting damage at all. your thoughts? >> well cyberattacks in general have been not only industrial espionage but also, a full-scale assault on the most important of our defense pro pry tear information, so in that sense they have done a lot of attacks, are they trying to operate on the quirketty exchanges with alga rythms to disrupt trading...
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the future trading commission and its effort to implement portions of the dodd-frank financial reform law. the judge rejected regulations that would have capped the amount of positions a trader can hold and the size of that position in various commodities. the chairman of the cftc says he's disappointed by the ruling and the agency is looking for new ways to get their way. well, my next guest says the dismal economic news of the week remits no significant -- represents no significant change, just more of the same as the economy continues to slip. joining us now, wall street legislate, his tore your, lures lerman. lou, i'm looking at the number, and the dow jones industrial, and this is stunning stuff. up almost 10%, 9.8%, year-to-date. the s&p up 14.56%. the nasdaq up almost 20%, up 19.62%. these are incredibly glorious numbers. aren't you happy? [laughter] >> well, i'm happy about the results. of course, for everybody who profited by it, but unhappy about the techniques by which the market has been floated into, you know, 10%-15% increases in value. this is a federal reserve system money
the future trading commission and its effort to implement portions of the dodd-frank financial reform law. the judge rejected regulations that would have capped the amount of positions a trader can hold and the size of that position in various commodities. the chairman of the cftc says he's disappointed by the ruling and the agency is looking for new ways to get their way. well, my next guest says the dismal economic news of the week remits no significant -- represents no significant change,...